Is Jennings, MO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Jennings has remained a Seller's Market.
Key Takeaway
Jennings is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jennings, MO
How much do homes in Jennings, MO cost?
Median Sold Price
$52,950
$63/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Jennings have sold for 2.1% less than they did a year ago.
Summary: The median home sold price in Jennings was $52,950 in March 2024, down 2.1% from last year, and the median price per square foot was $63.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $40K | $20.7K | -48.1% |
| 2 Bedrooms | $46.1K | $50K | +8.3% |
| 3 Bedrooms | $83.7K | $63K | -24.8% |
| 4 Bedrooms | $135K | $90K | -33.3% |
| 5+ Bedrooms | $82K | - | N/A |
Summary: Jennings housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 48.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 24.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Jennings | $54.1K | $52.9K | -2.1% |
| Norwood Township | $78.3K | $65K | -17.0% |
Housing Supply in Jennings, MO
How many homes are available in Jennings, MO?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 79 | 71 | -10.1% |
Summary: The Jennings real estate market had 71 homes for sale in March 2024, a 10.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 3 | 0.0% |
| 2 Bedrooms | 45 | 40 | -11.1% |
| 3 Bedrooms | 20 | 19 | -5.0% |
| 4 Bedrooms | 10 | 8 | -20.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Jennings housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes decreased by 5%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 16 | -23.8% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jennings, you may be able to get a good deal. 56.3% of homes here sold below asking price last month.
Summary: A total of 16 homes were sold or pending in Jennings in March 2024, down by 23.8% month-over-month. Of the 16 sold homes, 56% were sold under asking, 25% were sold at asking, and 19% were sold over asking.
Days on Market for Jennings, MO
How long does it take to sell a home in Jennings, MO?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 32 Days | 62 Days | +91.0% |
Summary: Homes in Jennings had an average of 62 days on market in Mar 2024, up by 91% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jennings are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 16 homes were sold in Jennings; 44% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.